The physical framework required to provide different types of services is called as:
(a) Human Capital (b) Infrastructure
(c) Physical capital (d) Both (b) and (c)
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(b) Infrastructure
Explanation:
The physical framework required to provide different types of services is called as infrastructure. Infrastructure is generally assets like land and building, plant and machinery that is required to run a business. These are long-term assets and cannot be liquidated immediately. They require an initial investment at the beginning of the process. The money required for day to day running of the business is called working capital.
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